Fintech company Linklogis Inc. is seeking as much as 8.28 billion Hong Kong dollars ($1.07 billion) in an initial public offering in Hong Kong.

Backed by Tencent, Shenzhen-based Linklogis is selling 452.9 million shares at HK$16.28 to HK$18.28 each, according to its prospectus. The share sale started on Friday and will take subscriptions until March 31 when a final price will be set. The shares are scheduled to begin trading on April 9.

IPOs and secondary share offerings on the HKSE has had its best start to a year ever for new listings, but some recent offerings in the city have made disappointing debuts.